OPPO partners with Innoviti to help SMBs earn extra margins on EMI transactions
By Leandra Monteiro
OPPO, a global smart device brand and Innoviti Payment Solutions, one of India’s largest providers of payment solutions to offline enterprise merchants, announced that OPPO will be partnering with Innoviti on BEAM (Brand EMI Acceleration Mission). BEAM is a mission to help SMB mobile dealers earn extra margins on sale of branded products on zero-cost EMI using G.E.N.I.E, Innoviti’s smart marketing platform. With this partnership, these margins can now be earned by SMBs on every OPPO branded product also.
The lockdown of offline stores due to the COVID-19 pandemic has affected SMB businesses more than others. Sustained lockdown has led to consumers shifting to online purchases, accelerating the SMB mobile business decline. G.E.N.I.E, launched earlier this year by Innoviti, has been empowering SMB mobile dealers to pull back customers with the help of attractive cashbacks on 110+ banks, zero-cost EMIs schemes on 60+ branded and unbranded products, and BEAM, a tool to earn extra margins on sale of branded products
BEAM enables mainline mobile dealers to get sponsored by mobile brands on Innoviti’s G.E.N.I.E Smart Marketing App. Under this partnership, the dealer who gets sponsored by OPPO can earn an extra 1% margin on every OPPO branded product they sell on EMI on G.E.N.I.E. This not only helps dealers earn extra margins, it also builds a stronger relationship between the dealer and the brand. BEAM also enables the dealers to earn an extra 0.5% margin on other mobile brands sold on zero-cost EMI.
“Mainline mobile dealers provide the touch, feel and trust to consumers when they are selecting their electronic products. They educate them, guide them. However, the pandemic has affected them more than enterprise merchants and online. Since its launch, GENIE has been empowering mainline mobile dealers to successfully win back the customers they lost to these channels through attractive features. We are excited about welcoming OPPO to our BEAM program. OPPO is a leading brand sold by SMBs, extra margins on every OPPO branded product will help these SMBs earn more to grow more. We hope this will provide the fuel the SMBs need to bounce-back and thrive in their businesses,” said Prasad Sonavane, Chief Revenue Office – Partnerships & Alliances.
“OPPO with its partnership with Innoviti G.E.N.I.E’s BEAM programme will enable OPPOs retail family earn extra margin on each OPPO phone sold. Offline channel has always been focus area for OPPO and this partnership with Innoviti is our effort to support our Dealer teams during these unpredictable times and enable them to come out of this situation strongly,” said a statement by OPPO mobiles India pvt ltd.
IBSi Daily News Analysis
December 06, 2023
Large US banks face funding and liquidity challenges in 2024: Moody’sRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage